Premier Bb Series - Prudential Annuities

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ADVANCED SERIESTRUST (“AST”)PORTFOLIO NAMEAST T. Rowe PriceLarge-Cap Growth PortfolioAST T. Rowe Price NaturalResources PortfolioAST Templeton Global BondPortfolio (formerly the ASTT. Rowe Price Global BondPortfolio)AST WellingtonManagement HedgedEquity PortfolioAST Western Asset CorePlus Bond PortfolioAST Western AssetEmerging Markets DebtPortfolioSTYLE/TYPELARGE-CAPGROWTHSPECIALTYFIXED INCOMEASSETALLOCATIONFIXED INCOMEFIXED INCOMEINVESTMENTOBJECTIVES/POLICIESSeeks long-term growth of capital byinvesting predominantly in the equitysecurities of a limited number oflarge, carefully selected, high-qualityU.S. companies that are judged likelyto achieve superior earnings growth.Seeks long-term capital growthprimarily through investing in thecommon stocks of companies thatown or develop natural resources(such as energy products, preciousmetals and forest products) andother basic commodities.Seeks to provide current income withcapital appreciation and growth ofincome.Seeks to outperform a mix of 50%Russell 3000 ® Index, 20% MSCIEAFE Index, and 30% Treasury BillIndex over a full market cycle bypreserving capital in adversemarkets utilizing an options strategywhile maintaining equity exposure tobenefit from up markets throughinvestments in WellingtonManagement’s equity investmentstrategies.Seeks to maximize total return,consistent with prudent investmentmanagement and liquidity needs, byinvesting to obtain the averageduration specified for the Portfolio.▪▪▪▪▪PORTFOLIOADVISOR/SUBADVISOR(S)T. Rowe Price Associates, Inc.T. Rowe Price Associates, Inc.Franklin Advisers, Inc.Wellington ManagementCompany, LLPWestern Asset ManagementCompany/Western AssetManagement Company LimitedSeeks to maximize total return. ▪ Western Asset ManagementCompany/Western AssetManagement Company Limited<strong>Prudential</strong> Real Estate Investors is a business unit of <strong>Prudential</strong> Investment Management, Inc.Pyramis is a registered service mark of FMR LLC. Used under license.Security Capital Research & Management Incorporated is a wholly owned subsidiary of J.P. Morgan Investment Management Inc.WHAT ARE THE FIXED RATE OPTIONS?The Fixed Rate Options consist of the DCA Fixed Rate Option used with our 6 or 12 Month DCA Program, the one-year Fixed RateOption and (with respect to Highest Daily Lifetime Five only), the Benefit Fixed Rate Account. We describe the Benefit Fixed RateAccount in the section of the prospectus concerning Highest Daily Lifetime Five. We no longer offer our 6 or 12 Month DCAProgram.No specific fees or expenses are deducted when determining the rate we credit to a Fixed Rate Option. However, for some of thesame reasons that we deduct the Insurance Charge against Account Value allocated to the Sub-accounts, we also take intoconsideration mortality, expense, administration, profit and other factors in determining the interest rates we credit to a Fixed RateOption, and therefore, we credit lower interest rates due to the existence of these factors than we otherwise would. Any Tax Chargeapplies to amounts that are taken from the Sub-accounts or the Fixed Rate Option.ONE-YEAR FIXED INTEREST RATE OPTIONWe offer a one-year Fixed Rate Option. When you select this option, your payment will earn interest at the established rate for theapplicable interest rate period. A new interest rate period is established every time you allocate or transfer money into a Fixed Rate28
Option. You may have money allocated in more than one interest rate period at the same time. This could result in your moneyearning interest at different rates and each interest rate period maturing at a different time. While these interest rates may change fromtime to time the minimum interest rate is what is set forth in your Annuity contract. We may restrict your ability to allocate AccountValue to the Fixed Rate Options if you elect certain optional benefits. The interest rate that we credit to the Fixed Rate Options maybe reduced by an amount that corresponds to the asset-based charges assessed against the Sub-accounts.Amounts allocated to the Fixed Rate Option become part of Pruco Life’s general assets. We set a one-year base guaranteed annualinterest rate for the one-year Fixed Rate Option. We may also provide an additional interest rate on each Purchase Payment allocatedto this option for the first year after the payment. This additional interest rate will not apply to amounts transferred from otherinvestment options within an Annuity or amounts remaining in this option for more than one year. We will permit transfers out of theone-year Fixed Rate Option only during the 30 day period following the end of the one-year period. We retain the right to limit theamount of Account Value that may be transferred into or out of the one-year Fixed Rate Option. In addition, we reserve the right tocease offering this investment option for periods of time.OTHER FIXED RATE INTEREST OPTIONS WE MAY OFFER FROM TIME TO TIMEIn addition to the one-year Fixed Rate Option, we offer DCA Fixed Rate Options that are used with our 6 or 12 Month Dollar CostAveraging Program. (“6 or 12 Month DCA Program”). Account Value allocated to the DCA Fixed Rate options earns the declaredrate of interest while it is transferred over a 6 or 12 month period into the Sub-accounts that you have designated. Because the interestwe credit is applied against a balance that declines as transfers are made periodically to the Sub-accounts, you do not earn interest onthe full amount you allocated initially to the DCA Fixed Rate Options. A dollar cost averaging program does not assure a profit, orprotect against a loss. We no longer offer our 6 or 12 Month DCA Program.6 OR 12 MONTH DOLLAR COST AVERAGING PROGRAM (THE “6 OR 12 MONTH DCA PROGRAM”)-We no longer offer our 6 or12 Month DCA Program.The 6 or 12 Month DCA Program was available for contracts issued between May 1, 2009 and October 31, 2011. The program issubject to our rules at the time of election and may not be available in conjunction with other programs and benefits we makeavailable. We may discontinue, modify or amend this program from time to time. Highest Daily Lifetime 7 Plus, Spousal HighestDaily Lifetime 7 Plus, Highest Daily Lifetime 6 Plus and Spousal Highest Daily Lifetime 6 Plus are the only optional living benefitsand the Combination 5% Roll-up + HAV death benefit is the only death benefit you may participate in if you also participate in the 6or 12 Month DCA Program, although you do not need to select any optional benefit to participate in the program. To participate inthe 6 or 12 Month DCA Program, you must allocate at least a $2000 Purchase Payment to our DCA Fixed Rate Options. Dollar costaveraging does not assure a profit, or protect against a loss.The key features of this Program are as follows:▪ You may only allocate purchase payments to these DCA Fixed Rate Options. You may not transfer Account Value into thisprogram.▪ As part of your election to participate in the 6 or 12 Month DCA Program, you specify whether the monthly transfers underthe 6 or 12 Month DCA Program are to be made over a 6 month or 12 month period. We then set the monthly transferamount, by dividing the Purchase Payment you have allocated to the DCA Fixed Rate Options by the number of months. Forexample, if you allocated $6000, and selected a 6 month DCA Program, we would transfer $1000 each month. We will adjustthe monthly transfer amount if, during the transfer period, the amount allocated to the DCA Fixed Rate Options is reduced(e.g., due to the deduction of the applicable portion of the fee for an optional benefit, withdrawals or due to a transfer ofAccount Value out of the DCA Fixed Rate Options initiated by the mathematical formula used with Highest Daily Lifetime 7Plus, Spousal Highest Daily Lifetime 7 Plus, Highest Daily Lifetime 6 Plus or Spousal Highest Daily Lifetime 6 Plus). In thatevent, we will re-calculate the amount of each remaining transfer by dividing the amount in the DCA Fixed Rate Option bythe number of remaining transfers. If the recalculated transfer amount is below the minimum transfer required by theprogram, we will transfer the remaining amount from the DCA Fixed Rate Option on the next scheduled transfer andterminate the program.▪ Any withdrawals, transfers, or fees deducted from the DCA Fixed Rate Options will reduce the DCA Fixed Rate Options ona “last-in, first-out” basis. If you have only one 6 or 12 Month DCA Program in operation, withdrawals, transfers, or feesmay be deducted from the DCA Fixed Rate Options associated with that Program. You may, however, have more than one 6or 12 Month DCA Program operating at the same time (so long as any such additional 6 or 12 Month DCA Program is of thesame duration). For example, you may have more than one 6 month DCA Program running, but may not have a 6 monthProgram running simultaneously with a 12 month Program. If you have multiple 6 or 12 Month DCA Programs running, thenthe above reference to “last-in, first-out” means that amounts will be deducted first from the DCA Fixed Rate Optionsassociated with the 6 or 12 Month DCA Program that was established most recently.▪ 6 or 12 Month DCA transfers will begin on the date the DCA Fixed Rate Option is established (unless modified to complywith state law) and on each month following until the entire principal amount plus earnings is transferred.▪ We do not count transfers under the 6 or 12 Month DCA Program against the number of free transfers allowed underyour Annuity.▪ The minimum transfer amount is $100, although we will not impose that requirement with respect to the final amount to betransferred under the Program.29
Page 2 and 3: 4 AST Goldman Sachs Mid-Cap Growth
Page 5: CONTENTSGLOSSARY OF TERMS .........
Page 8 and 9: Good Order: An instruction received
Page 10 and 11: SUMMARY OF CONTRACT FEES AND CHARGE
Page 12 and 13: YOUR OPTIONAL BENEFIT FEES AND CHAR
Page 14 and 15: 1 How Living Benefit Charges are De
Page 16 and 17: UNDERLYINGPORTFOLIOUNDERLYING MUTUA
Page 18 and 19: 1 AST Advanced Strategies Portfolio
Page 20 and 21: EXPENSE EXAMPLEThis example is inte
Page 22 and 23: Where should I invest my money? Wit
Page 24 and 25: Charges for Optional Benefits: If y
Page 26 and 27: Group I: Allowable Benefit Allocati
Page 28 and 29: Certain optional living benefits (e
Page 30 and 31: ADVANCED SERIESTRUST (“AST”)POR
Page 32 and 33: ADVANCED SERIESTRUST (“AST”)POR
Page 36 and 37: ▪ If you are not participating in
Page 38 and 39: increase the Annual Maintenance Fee
Page 40 and 41: PURCHASING YOUR ANNUITYPlease note
Page 42 and 43: Owner, Annuitant and Beneficiary De
Page 44 and 45: Account. The ability to continue th
Page 46 and 47: MANAGING YOUR ACCOUNT VALUEHOW AND
Page 48 and 49: Any transfer to or from any Sub-acc
Page 50 and 51: HOW MUCH CAN I WITHDRAW AS A FREE W
Page 52 and 53: WHAT IS A MEDICALLY-RELATED SURREND
Page 54 and 55: LIVING BENEFITSDO YOU OFFER BENEFIT
Page 56 and 57: HIGHEST DAILY GUARANTEED RETURN OPT
Page 58 and 59: pre-determined mathematical formula
Page 60 and 61: Special Considerations under HD GRO
Page 62 and 63: HD GRO, by moving assets out of cer
Page 64 and 65: ▪▪▪▪▪You cannot participa
Page 66 and 67: Key Feature - Protected Income Valu
Page 68 and 69: On the date that you elect to begin
Page 70 and 71: Step-Up of the Protected Withdrawal
Page 72 and 73: Annual Income Amount for future Ann
Page 74 and 75: Additional Tax ConsiderationsIf you
Page 76 and 77: BENEFITS UNDER THE SPOUSAL LIFETIME
Page 78 and 79: As indicated, withdrawals made whil
Page 80 and 81: The Highest Daily Lifetime Five ben
Page 82 and 83: ▪▪▪▪▪▪example, withdraw
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Depending on the results of the for
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Once the 90% cap feature is met, fu
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that varies based on the age of the
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▪▪If no withdrawal was ever tak
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we use 5% in the formula, irrespect
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Upon a death that triggers payment
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LIA amount at the first Withdrawal.
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Important Consideration When Electi
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each Annuity Anniversary, by perfor
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▪▪If no withdrawal was ever tak
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election to begin receiving annuity
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treatment of withdrawals. We do not
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are no assurances that future trans
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You may use the Systematic Withdraw
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In this example, 5% of the December
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▪▪If no Lifetime Withdrawal was
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difference by the amount held withi
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Additional Tax ConsiderationsIf you
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Eligibility Requirements for LIA Am
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withdraw an annual amount (the “A
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Highest Daily Auto Step-UpAn automa
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The Non-Lifetime Withdrawal will pr
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Other Important Considerations▪ W
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If you take a partial withdrawal to
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Value is equal to your Account Valu
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You must tell us if your withdrawal
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▪In the absence of an election wh
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which we are providing administrati
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to the Bond Sub-account occurs. The
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(2) The designated life is unable t
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annual amount (the “Annual Income
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Withdrawal Value and your Account V
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▪ The Account Value at benefit el
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If no Lifetime Withdrawal was ever
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designated life (except as may be n
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Calculation of the Combination 5% R
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Can I terminate the optional Death
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▪▪▪Withdrawals are not subjec
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The NYSE is closed on the following
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TAX CONSIDERATIONSThe tax considera
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If an Annuity is purchased through
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A Nonqualified annuity may also be
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account” described under Code Sec
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insurance/annuity products to plans
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WHAT IS THE SEPARATE ACCOUNT?The Se
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WHO DISTRIBUTES ANNUITIES OFFERED B
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Mutual of Omaha BankNational Planni
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concerning certain business or proc
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APPENDIX A-ACCUMULATION UNIT VALUES
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Sub-AccountsAccumulationUnit Value
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APPENDIX B-CALCULATION OF OPTIONAL
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APPENDIX C-FORMULA UNDER HIGHEST DA
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The following formula, which is set
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APPENDIX D-FORMULA UNDER HIGHEST DA
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The formula will transfer assets in
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The formula will transfer assets in
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APPENDIX E-FORMULA UNDER HIGHEST DA
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The following formula, which is set
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“a” Factors for Liability Calcu
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APPENDIX F-FORMULA FOR HIGHEST DAIL
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APPENDIX G-SPECIAL CONTRACT PROVISI
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APPENDIX H-FORMULA UNDER HIGHEST DA
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FORMULA FOR ELECTIONS OF HD GRO II
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APPENDIX I-FORMULA FOR HIGHEST DAIL
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PRUCO LIFE INSURANCE COMPANY (PRUCO
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Deducting ContributionsGenerally, y
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Required Minimum DistributionsIf yo
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traditional IRA at the end of your
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income), pension or annuity income,
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2. The payment or distribution is:a
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PRUCO LIFE INSURANCE COMPANY(A PRUD
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PLEASE SEND ME A STATEMENT OF ADDIT
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Premier Bb Series - Prudential Annuities

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